Symphony Asset Management LLC boosted its position in shares of Southwest Gas Corporation (NYSE:SWX) by 117.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,361 shares of the utilities provider’s stock after purchasing an additional 3,431 shares during the period. Symphony Asset Management LLC’s holdings in Southwest Gas Corporation were worth $465,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Farmers & Merchants Investments Inc. grew its holdings in Southwest Gas Corporation by 0.3% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 3,971 shares of the utilities provider’s stock valued at $290,000 after purchasing an additional 12 shares in the last quarter. Neuberger Berman Group LLC grew its holdings in Southwest Gas Corporation by 0.4% during the 1st quarter. Neuberger Berman Group LLC now owns 3,093 shares of the utilities provider’s stock worth $256,000 after acquiring an additional 13 shares in the last quarter. US Bancorp DE grew its holdings in Southwest Gas Corporation by 0.4% during the 2nd quarter. US Bancorp DE now owns 6,856 shares of the utilities provider’s stock worth $501,000 after acquiring an additional 25 shares in the last quarter. HighTower Advisors LLC grew its holdings in Southwest Gas Corporation by 0.7% during the 1st quarter. HighTower Advisors LLC now owns 3,709 shares of the utilities provider’s stock worth $307,000 after acquiring an additional 27 shares in the last quarter. Finally, World Asset Management Inc grew its holdings in Southwest Gas Corporation by 1.5% during the 2nd quarter. World Asset Management Inc now owns 2,985 shares of the utilities provider’s stock worth $218,000 after acquiring an additional 44 shares in the last quarter. 76.85% of the stock is owned by institutional investors and hedge funds.

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In other Southwest Gas Corporation news, VP Kenneth J. Kenny sold 600 shares of the business’s stock in a transaction on Friday, August 11th. The shares were sold at an average price of $80.90, for a total value of $48,540.00. Following the sale, the vice president now owns 17,137 shares of the company’s stock, valued at approximately $1,386,383.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Karen S. Haller sold 1,300 shares of the business’s stock in a transaction on Friday, August 11th. The shares were sold at an average price of $80.95, for a total transaction of $105,235.00. Following the completion of the sale, the senior vice president now directly owns 26,639 shares in the company, valued at approximately $2,156,427.05. The disclosure for this sale can be found here. Insiders own 1.34% of the company’s stock.

Southwest Gas Corporation (NYSE SWX) opened at 80.29 on Friday. The firm’s 50-day moving average is $80.08 and its 200 day moving average is $80.35. Southwest Gas Corporation has a one year low of $64.26 and a one year high of $86.65. The firm has a market capitalization of $3.82 billion, a price-to-earnings ratio of 24.86 and a beta of 0.62.

Southwest Gas Corporation (NYSE:SWX) last announced its earnings results on Monday, August 7th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.09. Southwest Gas Corporation had a net margin of 6.46% and a return on equity of 9.09%. The business had revenue of $560.50 million for the quarter, compared to analyst estimates of $564.84 million. During the same quarter in the previous year, the firm posted $0.19 earnings per share. Southwest Gas Corporation’s revenue was up 2.3% compared to the same quarter last year. Analysts forecast that Southwest Gas Corporation will post $3.43 EPS for the current fiscal year.

Several brokerages have weighed in on SWX. Zacks Investment Research raised shares of Southwest Gas Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. BidaskClub lowered shares of Southwest Gas Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Jefferies Group LLC reissued a “hold” rating and set a $70.00 price objective on shares of Southwest Gas Corporation in a report on Thursday, August 31st. Finally, KeyCorp reissued a “hold” rating on shares of Southwest Gas Corporation in a report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $80.50.

Southwest Gas Corporation Profile

Southwest Gas Holdings, Inc, formerly Southwest Gas Corporation, is engaged in the business of purchasing, distributing and transporting natural gas. The Company operates through two segments: natural gas operations and construction services, which includes the operations of the Company’s subsidiary, Centuri Construction Group, Inc (Centuri).

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Institutional Ownership by Quarter for Southwest Gas Corporation (NYSE:SWX)

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